Shares of Cirrus, making analogue chips used in Apple apparatus, dropped 3.8 per cent to $39.46 (approximately Rs. 2,800). In financial 2018, Apple accounted for approximately 81% of Cirrus overall sales.

Assessing the iPhone 7 and iPhone 8 pages from last week to now, Barclays analyst Blayne Curtis wrote in a note he’d discovered that Apple”will eliminate the dongle from the whole suite of mobiles.”

“While CRUS did acknowledge the dongle was outside lately, it is an extra negative they are also taking away the dongle in the old products,” Curtis explained.

Apple introduced new iPhones, such as its largest-ever iPhone along with a watch which finds heart troubles on Wednesday.